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Technology Stocks : SEEC, Inc. (SEEC)
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To: MoneyMade who wrote (734)7/3/1998 2:21:00 PM
From: John Sikora   of 1031
 
MM,

<{Remember the add campaign kicks off next week! SEEC is just
getting started IMO.}
Check the date MM...It's July 98...This ad campaign is a little late...Is SEEC just getting started or did revenues peak last Q? That is the question to be answered. Rick G(CFO), who I questioned regarding the lack of press releases about a month ago, stated that Ravi was more interested in letting the #'s do the talking. Up until this q I would tend to agree with that post...Now they better get off their duffs and announce every damn deal they sign...and spend some of that 30mil drumming up business.Sales force need a major overhaul. I personally don't think a share buyback is the most prudent thing at this point. That $ needs to be allocated for acquisitions to grow revenues.I specifically want to know when the pushed out contracts are signed sealed and delivered. I agree that a certain amount of the shortfall is due to foot dragging by companies in general...but one would think there is plenty of work out there to be drawn upon. I've gone from a firm believer in this company to cautious at best. IMO management dropped the ball big time and upper level management changes need to be made...I agree there isn't a whole lot of downside here but I also believe in the short term SEEC is dead $...

john
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